Lunch Money - what you throw away between 11 a.m. and 1 p.m. Eastern time

Manager - the only day trader who figured out a Never Lose Trading System

Margin - (if you are up) a no risk situation with huge potential return (if you are down) an evil invention by Unseen Forces that tricks you into losing more money than you have

Margin Call - what happens every time your clearing firm makes any sort of accounting mistake

Market Maker - the guy that has the secret video camera set up behind you and takes the other side of every one of your losing trades

Moron - the bonehead that buys your winning long position

Moving Average - a wavy line that has nothing to do with price movement if you have an open position

Pain - exiting at a loss, reversing your position on the stock and then watching it go the way you knew it would in the first place

Paper Trade - any trade you tell your Apprentice about to explain your system

Partial Fill - a test the Market Makers provide to see if you can quickly do simple math while under extreme stress

Piece of Crap - any Excellent Company that you have a losing trade on

Position Trade - a Day Trade that went the wrong way right after you took the position

Pro - any guy at the trading center who never says anything and is usually smiling (see Joker)

Scalping - losing only an eighth at a time

Secret Trade - any trade that you don't mention to the Apprentice when he asks you how you are doing

Severe Pain - being down 3/8 on 1000 shares where the volume dried up and then noticing you missed 4 points on that other trade you were going to do instead (see Pain)

Short List - daily list of stocks that will go up and never pull back

Short List Request - request submitted to the clearing firm which contains a list of all stocks that you could short yesterday and can short tomorrow, but not today

Short Squeeze - (when you are short) when someone you never met and shouldn't really have anything against you tries on purpose to hurt you and your family personally (when you are long) proof you are a genius

Special Situation - when you watch your losing stop limit go by and take a larger position instead of exiting the trade (see Long Term Investment)

Spread (if a winning trade) sharing the wealth (if a losing trade) an evil market maker ripping you off

System Trade - the phrase you use to explain to the Apprentice how your trade didn't work out the way you planned it

Technical Analysis - (traditional) voodoo without the animal blood and chanting (Point and Figure) really weird voodoo without the animal blood and chanting

Top - (when long) the point on the chart where the stock backs off real fast before you get out (when short) the exact spot where you cover

Trainer - the only guy in the room who has never day traded in his entire life

Trend Line - the imaginary line on a price chart that only changes when the market is closed or when you are not looking

Up On The Day - what you are when the market closes, not counting ticket charges

Uptick - (if long) added hope (if short) the Market Maker letting everyone else in (if no position) another good chance to lose some money by going short

Volume Spike - (open position) confirmation that you are either the smartest person on the planet or the biggest idiot (no position) confirmation that you are the smartest person on the planet but you were not paying attention